E15=16 (Compulation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation

total income since incorporation.........................317.000

total cash dividends paid......................................60,000

total value of stock dividends distributed ...........30,000

gains on treasury stock transactions.....................18,000

unamortized discount on bonds payable..............32,000

instructions

Determine the current balance of retained earnings.